Gas Supply in the UK - Market Research Report (2014-2029)

Low supply: In 2023-24, industry revenue is expected to fall, partially due to the introduction of the Energy Price Guarantee

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The gas supply industry has experienced a period of significant volatility in recent years. Industry regulator Ofgem encouraged greater competition in the industry prior to the pandemic, leading to a rapid rise in the market share of independent suppliers. This culminated in the effective break-up of the former Big Six energy suppliers in January 2020, following OVO Energy's acquisition of SSE's domestic customer book. However, record-high wholesale prices have reversed the upward trend in market participation since the pandemic, forcing 31 energy suppliers out of the industry.

Firms in the industry purchase gas from the wholesale market and sell it to end users via the distribution network.